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KBRA Releases Research – Coronavirus (COVID-19): U S BSL CLO Sector Exposure Map: November 2020

Press release content from Business Wire. The AP news staff was not involved in its creation. KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: November 2020 December 18, 2020 GMT NEW YORK (BUSINESS WIRE) Dec 18, 2020 Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic. In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through November 2020 trustee reports for a representative sample of transactions.

KBRA Releases Research – Coronavirus (COVID-19): U S BSL CLO Sector Exposure Map: November 2020

Share: Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic. In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through November 2020 trustee reports for a representative sample of transactions. We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector. Click Related Publications About KBRA and KBRA Europe

What s Wrong With Commercial Auto and How Do We Fix It?

What’s Wrong With Commercial Auto and How Do We Fix It? By Gary Hagmueller | December 18, 2020 Commercial auto is one of the biggest, most problematic cost centers in the insurance industry. Its loss ratios are incredibly high and growing particularly in comparison with other P&C lines. This makes it hard for carriers to make money on the line, and they frequently incur fairly substantial losses. With fewer claims than most other lines, why is commercial auto such a problem? Claims are much larger; carriers may be looking at paying out $200,000 vs. $20,000 on different types. Let’s examine the issues and see how we can turn commercial auto into a revenue generator instead of a black hole.

FAIR plan fire insurance rates to increase next year

After reliably obtaining homeowners insurance on the voluntary market for more than 30 years, Laurence Stewart’s coverage was not renewed last year due to high fire risk. Since then, she’s been forced to purchase insurance from the FAIR plan, California’s insurer of last resort, at triple the cost for substantially diminished coverage. “When you’re retired, it’s just terrible,” Stewart said at the time. “I’m sure next year it’s just going to be more expensive.” This month Stewart’s prediction came true when FAIR plan president Anneliese Jivan announced its rates would increase statewide by an average of 15% starting Jan. 1, with rates in rural areas expected to increase even more. The insurer just under two years ago increased rates by an average of 20%.

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